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UK commercial activity growth weakens amid stagnation in public sector

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UK commercial activity growth weakens amid stagnation in public sector

The headline Total Commercial Development Activity Index – a net balance monitoring the overall performance of the UK commercial property sector – continued to signal growth of commercial work in January.

That said, the rate of expansion eased at the start of 2015, with the net balance deteriorating to a 20-month low of +10.5% (from +19.8%).

The overall slowdown was mainly driven by a stagnation in public sector activity, while private sector projects rose at a weaker pace.

Lower net balances were registered in eight of the nine broad areas monitored, with contractions evident in the three surveyed public sectors.

Source : Savills

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Keywords : Savills